Bernoth, Kerstin (contributor); … - 2004
bond yield differentials across EU countries are
determined by default and/or liquidity risk aspects, and whether EMU had … important in a monetary union, such as EMU, in which the
governments of the member states can issue debt, but do not have the … governments and Germany
or the US government, respectively. Second, using data from before and after the start of
EMU, we can …